Jumpy..."Foxy you said and complained about Tony Albanese's comment,"
I didn't "complain" at all..I said I was interested in how he came to those figures.
I don't have time to read all that info at the moment but it does look interesting.
The basis of the discussion is will copper supply meet demand in the future. I think it will As I have shown copper substitutes are being used now and not in a small way.
Being that the near term forecast copper deficit is a little more than 1% of annual production I don't believe that to be sending copper through the roof. The higher the price the more substitutes.
I hard wired 2 ceiling fans into a bathroom yesterday and they had aluminium wiring. Substitutes are a reality.
The world financial system is in a real pickle even Albanese recognises this. I am not sure the path forward is clear and if China trips market sentiment for copper will be smashed...I think the markets are recognising this and this is why copper stocks have been treated harshly lately.
As I have said previously it will only take a micro economic event to blow all theories out of the water.
Jumpy you said..
"If you have any other concerns please raise them."
I do..What would a macro event such as a Chinese property bubble burst do to world economics?
Chinese Empty Cities -
http://www.giantrobot.com/index.php/blogs/eric-post/chinas_ghost_cities_and_malls_video_-_empty_cities/
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